Quote:
Originally Posted by April_Ryan
I've checked income taxes in The UK and they are much better for my salary. But I think that I will be taxed there even if I'm not resident, is that true? Then I won't have to pay again taxes in Spain since The UK has a non-double-taxation treaty with Spain.
There are also other taxes to be considered such as the capital gains tax. I know how it goes in Spain but I have no idea how much I will pay for that in UK... If it is better, maybe I should take my money there?
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Capital gains in Spain is 18% now I think for resident or non resident. In the UK its up to 40% ... heres a link
Capital Gains Tax (CGT) : Directgov - Money, tax and benefits
IHT is crippling in Spain ..... hardly any allowances for it, whereas in the UK its going to be around £300k soon allowance wise.
There IS a double taxation treaty ... you might get double taxed when you first change, but you can re claim and wont end up paying twice.